SDV 0.85% 58.5¢ scidev ltd

I usually steer away from cheap stocks ,strauss. This was my...

  1. 6,965 Posts.
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    I usually steer away from cheap stocks ,strauss.
    This was my mistake with TWT....Huge ,nearly 90% discount to its TANGIBLE assets (factory & cash).
    I have written this one off.
    To give you some background about INL:
    Keiran Rodgers (CEO) took the helm in 2012 after ousting Phillip Wood.
    He recapitalized the company together with 5 of his mates to the tune of $1.5m (each had just under 5% at a price of 1.5c)....These VCs are still down 30%.
    3 of those (including Rodgers) have increased their holdings since....Either on market or the buyback of unmarketable parcels that they acquired at 0.008.
    There have been major changes & cost cutting since KR took control....7 heavyweight directors & senior managers were let loose.
    The company was run by 2 directors ( after ousting James Bell)
    Dan Cronin was brought in recently to drive SciDev growth....He is an ex BASF man with long experience in the chemical industry & good contacts that was perhaps behind the cooperation deal with Alpha Laval....Check out Alpha Laval.....Far from a minnow.
 
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Last
58.5¢
Change
-0.005(0.85%)
Mkt cap ! $105.3M
Open High Low Value Volume
60.5¢ 60.5¢ 58.5¢ $29.39K 49.6K

Buyers (Bids)

No. Vol. Price($)
2 128413 58.5¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 5000 1
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Last trade - 12.22pm 04/12/2024 (20 minute delay) ?
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